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Mistral · Flagships Analysis

Mistral Small 3.2

Intelligence, Performance & Price Analysis

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Canonical slug: mistral-small-3-2 · Canonical model registry at build time

Intelligence

11 score

Speed

147.4 output tokens/sec

Latency

0.72s TTFT

Input Price

$0.10 / 1M tokens

Output Price

$0.30 / 1M tokens

Verbosity

8.4M Output tokens from Intelligence Index 2 out of 4 units for Verbosity . Comp

Executive Assessment

Routing Verdict & Tradeoffs

Ethen Routing Verdict

Capable everyday model

Mistral Small 3.2 scores 11 on the Artificial Analysis Intelligence Index, placing it well above average among other open weight non-reasoning models of similar size (median: 6). Mistral Small 3.2 generates output at 147.4 tokens per second (based on Mistral's API), which is well above average compared to other open weight non-reasoning models of similar size (median: 101.8 t/s). Mistral Small 3.2 costs $0.10 per 1M input tokens (better than average, median: $0.15) and $0.30 per 1M output tokens (better than average, median: $0.32), based on Mistral's API.

Good for routine tasks; route complex reasoning and premium workloads to stronger models.

Task Fit Assessment

WorkloadRatingNotes
Complex reasoning & agentic workflowsviableIntelligence score 11 handles routine reasoning but may struggle with open-ended agentic tasks.
High-volume chat & customer-facingoptimalOutput speed 147.4 tokens/sec and capable intelligence make this suitable for real-time chat at scale.
Latency-sensitive applicationsoptimalTTFT 0.72s — among the lowest latencies, suitable for interactive latency-critical use cases.
Cost-sensitive pipelinesoptimalOutput pricing at $0.30 is very competitive for high-volume workloads.

Cost Pressure Analysis

Low

Pricing is competitive — input $0.10, output $0.30. Suitable for sustained production use.

Technical Specifications

Architecture and Limits

SpecificationValueValidation Authority
Model typeOpen weightsinferred
ReasoningNofaq
Input modalitiesMistral Small 3.2 supports text and image input.faq
Output modalitiesMistral Small 3.2 supports text output.faq
Context window130k tokensfaq
Open weights / sourceYes, Mistral Small 3.2 is open weights. The model weights are publicly available and can be downloaded for self-hosting.faq
ParametersMistral Small 3.2 has 24 billion parameters.faq
LicenseMistral Small 3.2 is released under the Apache 2.0 license. This license allows commercial use.faq
API availabilityYes, Mistral Small 3.2 is available via API through 2 providers.faq

Evidence charts

Profile visualizations

Charts are the same canonical evidence cards previously published for this slug, contained inside the D18D page grammar.

AA-Omniscience Index

AA-Omniscience Index (higher is better) measures knowledge reliability and hallucination. It rewards correct answers, penalizes hallucinations, and has no penalty for refusing to answer. Scores range from -100 to 100, where 0 means as many correct as incorrect answers, and negative scores mean more incorrect than correct. · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

-100-50050Claude Fable 5 (with fallback): 4040AClaude Fable 5 (with fal…Gemini 3.5 Flash: 2323GGemini 3.5 FlashGPT-5.5 (xhigh): 2020AIGPT-5.5 (xhigh)Grok 4.3 (high): 1818xGrok 4.3 (high)Kimi K2.6: 6.46.4KKimi K2.6Muse Spark: 4.14.1?Muse SparkGLM-5.2 (max): 44?GLM-5.2 (max)MiniMax-M3: 1.41.4?MiniMax-M3Nemotron 3 Ultra: -0.8-0.8NNemotron 3 UltraDeepSeek V4 Pro (max): -10-10DDeepSeek V4 Pro (max)Mistral Small 3.2: -50.4-50.4MiMistral Small 3.2

Artificial Analysis Intelligence Index by Open Weights / Proprietary

Artificial Analysis Intelligence Index v4.1 incorporates 9 evaluations: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0204060Claude Fable 5 (with fallback): 6060AClaude Fable 5 (with fal…GPT-5.5 (xhigh): 5555AIGPT-5.5 (xhigh)GLM-5.2 (max): 5151?GLM-5.2 (max)Gemini 3.5 Flash: 5050GGemini 3.5 FlashMiniMax-M3: 4444?MiniMax-M3DeepSeek V4 Pro (max): 4444DDeepSeek V4 Pro (max)Kimi K2.6: 4444KKimi K2.6Muse Spark: 4343?Muse SparkNemotron 3 Ultra: 3838NNemotron 3 UltraGrok 4.3 (high): 3838xGrok 4.3 (high)Mistral Small 3.2: 1111MiMistral Small 3.2

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index v4.1 incorporates 9 evaluations: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0204060Claude Fable 5 (with fallback): 6060AClaude Fable 5 (with fal…GPT-5.5 (xhigh): 5555AIGPT-5.5 (xhigh)GLM-5.2 (max): 5151?GLM-5.2 (max)Gemini 3.5 Flash: 5050GGemini 3.5 FlashMiniMax-M3: 4444?MiniMax-M3DeepSeek V4 Pro (max): 4444DDeepSeek V4 Pro (max)Kimi K2.6: 4444KKimi K2.6Muse Spark: 4343?Muse SparkNemotron 3 Ultra: 3838NNemotron 3 UltraGrok 4.3 (high): 3838xGrok 4.3 (high)Mistral Small 3.2: 1111MiMistral Small 3.2

Artificial Analysis Openness Index: Score

Openness Index assesses model openness on a 0 to 100 normalized scale (higher is more open) · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

050100Nemotron 3 Ultra: 8383NNemotron 3 UltraGranite 4.1 30B: 6161?Granite 4.1 30BDeepSeek V4 Pro (max): 5050DDeepSeek V4 Pro (max)Gemma 3 27B: 5050?Gemma 3 27BGemma 3 12B: 5050?Gemma 3 12BGLM-5.2 (max): 4444?GLM-5.2 (max)Mistral Small 3.2: 3939MiMistral Small 3.2gpt-oss-120b (high): 3939AIgpt-oss-120b (high)Qwen3.6 27B: 3939QQwen3.6 27BKimi K2.6: 3333KKimi K2.6

Intelligence

Artificial Analysis Intelligence Index · Higher is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0204060Claude Fable 5 (with fallback): 6060AClaude Fable 5 (with fal…GPT-5.5 (xhigh): 5555AIGPT-5.5 (xhigh)GLM-5.2 (max): 5151?GLM-5.2 (max)Gemini 3.5 Flash: 5050GGemini 3.5 FlashMiniMax-M3: 4444?MiniMax-M3DeepSeek V4 Pro (max): 4444DDeepSeek V4 Pro (max)Kimi K2.6: 4444KKimi K2.6Muse Spark: 4343?Muse SparkNemotron 3 Ultra: 3838NNemotron 3 UltraGrok 4.3 (high): 3838xGrok 4.3 (high)Mistral Small 3.2: 1111MiMistral Small 3.2

Output Speed

Output tokens per second · Higher is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

088175263350gpt-oss-120b (high): 314314AIgpt-oss-120b (high)Nemotron 3 Ultra: 250250NNemotron 3 UltraGLM-5.2 (max): 218218?GLM-5.2 (max)Gemini 3.5 Flash: 192192GGemini 3.5 FlashMistral Small 3.1: 171171MiMistral Small 3.1Grok 4.3 (high): 164164xGrok 4.3 (high)Mistral Small 3.2: 147147MiMistral Small 3.2Llama 3.1 8B: 144144MLlama 3.1 8BMiniMax-M3: 9999?MiniMax-M3Ministral 3 8B: 9393?Ministral 3 8B

Speed

Output tokens per second · Higher is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

088175263350gpt-oss-120b (high): 314314AIgpt-oss-120b (high)Nemotron 3 Ultra: 250250NNemotron 3 UltraGLM-5.2 (max): 218218?GLM-5.2 (max)Gemini 3.5 Flash: 192192GGemini 3.5 FlashGrok 4.3 (high): 164164xGrok 4.3 (high)Mistral Small 3.2: 147147MiMistral Small 3.2MiniMax-M3: 9999?MiniMax-M3GPT-5.5 (xhigh): 8888AIGPT-5.5 (xhigh)Kimi K2.6: 7676KKimi K2.6DeepSeek V4 Pro (max): 7272DDeepSeek V4 Pro (max)

End-to-End Response Time

Seconds to output 500 tokens, including reasoning model 'thinking' time · Lower is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0s2.5s5s7.5s10sQwen3.6 27B: 8.3s8.3sQQwen3.6 27BDevstral Small 2: 7.4s7.4s?Devstral Small 2Claude Fable 5 (with fallback): 7.1s7.1sAClaude Fable 5 (with fal…DeepSeek V4 Pro (max): 7s7sDDeepSeek V4 Pro (max)Kimi K2.6: 6.6s6.6sKKimi K2.6Ministral 3 14B: 6.4s6.4s?Ministral 3 14BGPT-5.5 (xhigh): 5.7s5.7sAIGPT-5.5 (xhigh)Ministral 3 8B: 5.4s5.4s?Ministral 3 8BMiniMax-M3: 5s5s?MiniMax-M3Llama 3.1 8B: 3.5s3.5sMLlama 3.1 8BMistral Small 3.2: 3.4s3.4sMiMistral Small 3.2

Latency: Time To First Answer Token

Seconds to first answer token received · Accounts for reasoning model 'thinking' time · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0s25s50s75s100sDeepSeek V4 Pro (max): 61s61sDDeepSeek V4 Pro (max)Kimi K2.6: 58s58sKKimi K2.6MiniMax-M3: 20s20s?MiniMax-M3GLM-5.2 (max): 9.2s9.2s?GLM-5.2 (max)Nemotron 3 Ultra: 9.1s9.1sNNemotron 3 Ultragpt-oss-120b (high): 6.4s6.4sAIgpt-oss-120b (high)Mistral Small 3.2: 0s0sMiMistral Small 3.2Mistral Small 3.1: 0s0sMiMistral Small 3.1Ministral 3 8B: 0s0s?Ministral 3 8BMinistral 3 14B: 0s0s?Ministral 3 14B

Context Window

Context window: tokens limit · Higher is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0250k500k750k1MGemini 3.5 Flash: 1M1MGGemini 3.5 FlashClaude Fable 5 (with fallback): 1M1MAClaude Fable 5 (with fal…GLM-5.2 (max): 1M1M?GLM-5.2 (max)DeepSeek V4 Pro (max): 1M1MDDeepSeek V4 Pro (max)Grok 4.3 (high): 1M1MxGrok 4.3 (high)MiniMax-M3: 1M1M?MiniMax-M3GPT-5.5 (xhigh): 922k922kAIGPT-5.5 (xhigh)Nemotron 3 Ultra: 262k262kNNemotron 3 UltraMuse Spark: 262k262k?Muse SparkQwen3.6 27B: 262k262kQQwen3.6 27BMistral Small 3.2: 128k128kMiMistral Small 3.2

Cost per Intelligence Index Task

Weighted average cost (USD) per Artificial Analysis Intelligence Index task, segmented by token type. Lower is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

00.51Claude Fable 5 (with fallback): 0.40.4AClaude Fable 5 (with fal…GPT-5.5 (xhigh): 0.10.1AIGPT-5.5 (xhigh)Gemini 3.5 Flash: 0.10.1GGemini 3.5 FlashQwen3.6 27B: 00QQwen3.6 27BGLM-5.2 (max): 00?GLM-5.2 (max)Kimi K2.6: 00KKimi K2.6Nemotron 3 Ultra: 00NNemotron 3 UltraMiniMax-M3: 00?MiniMax-M3Grok 4.3 (high): 00xGrok 4.3 (high)DeepSeek V4 Pro (max): 00DDeepSeek V4 Pro (max)Mistral Small 3.2: 00MiMistral Small 3.2

Cost per Task

Weighted average cost (USD) per Intelligence Index task · Lower is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

$0.00$1.00$2.00$3.00$4.00$5.00Claude Fable 5 (with fallback): $2.75$2.75AClaude Fable 5 (with fal…GPT-5.5 (xhigh): $0.86$0.86AIGPT-5.5 (xhigh)Gemini 3.5 Flash: $0.59$0.59GGemini 3.5 FlashGLM-5.2 (max): $0.37$0.37?GLM-5.2 (max)Kimi K2.6: $0.35$0.35KKimi K2.6Nemotron 3 Ultra: $0.24$0.24NNemotron 3 UltraGrok 4.3 (high): $0.14$0.14xGrok 4.3 (high)MiniMax-M3: $0.12$0.12?MiniMax-M3Mistral Small 3.2: $0.12$0.12MiMistral Small 3.2gpt-oss-120b (high): $0.06$0.06AIgpt-oss-120b (high)

Cost to Run Artificial Analysis Intelligence Index

Cost (USD) to run all evaluations in the Artificial Analysis Intelligence Index · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0200400600Claude Fable 5 (with fallback): 508508AClaude Fable 5 (with fal…GPT-5.5 (xhigh): 132132AIGPT-5.5 (xhigh)Gemini 3.5 Flash: 114114GGemini 3.5 FlashQwen3.6 27B: 8888QQwen3.6 27BNemotron 3 Ultra: 3434NNemotron 3 UltraGLM-5.2 (max): 3333?GLM-5.2 (max)Kimi K2.6: 2525KKimi K2.6MiniMax-M3: 1515?MiniMax-M3Grok 4.3 (high): 1313xGrok 4.3 (high)DeepSeek V4 Pro (max): 7.27.2DDeepSeek V4 Pro (max)Mistral Small 3.2: 2.52.5MiMistral Small 3.2

Pricing: Cache Hit, Input, and Output

Price (USD per M Tokens) · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0250k500k750k1MClaude Fable 5 (with fallback): 6161AClaude Fable 5 (with fal…GPT-5.5 (xhigh): 3636AIGPT-5.5 (xhigh)Gemini 3.5 Flash: 1111GGemini 3.5 FlashGLM-5.2 (max): 6.16.1?GLM-5.2 (max)Kimi K2.6: 5.15.1KKimi K2.6Qwen3.6 27B: 4.24.2QQwen3.6 27BGrok 4.3 (high): 44xGrok 4.3 (high)Nemotron 3 Ultra: 3.63.6NNemotron 3 UltraMiniMax-M3: 1.61.6?MiniMax-M3DeepSeek V4 Pro (max): 1.31.3DDeepSeek V4 Pro (max)Mistral Small 3.2: 0.40.4MiMistral Small 3.2cache Hitinputoutput

Time per Intelligence Index Task

Weighted average decode time (minutes) per task; excludes TTFT and overhead time · Lower is better · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0510Kimi K2.6: 8.28.2KKimi K2.6DeepSeek V4 Pro (max): 6.86.8DDeepSeek V4 Pro (max)Claude Fable 5 (with fallback): 4.84.8AClaude Fable 5 (with fal…MiniMax-M3: 3.93.9?MiniMax-M3GPT-5.5 (xhigh): 33AIGPT-5.5 (xhigh)Qwen3.6 27B: 33QQwen3.6 27BGLM-5.2 (max): 2.82.8?GLM-5.2 (max)Ministral 3 8B: 2.52.5?Ministral 3 8BMinistral 3 14B: 2.22.2?Ministral 3 14BGemini 3.5 Flash: 2.22.2GGemini 3.5 FlashMistral Small 3.2: 0.90.9MiMistral Small 3.2

Model Size: Total and Active Parameters

Comparison between total model parameters and parameters active during inference · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

0250k500k750k1MDeepSeek V4 Pro (max): 1.6k1.6kDDeepSeek V4 Pro (max)Kimi K2.6: 1k1kKKimi K2.6GLM-5.2 (max): 753753?GLM-5.2 (max)Nemotron 3 Ultra: 550550NNemotron 3 UltraMiniMax-M3: 428428?MiniMax-M3gpt-oss-120b (high): 117117AIgpt-oss-120b (high)EXAONE 4.5 33B: 3434?EXAONE 4.5 33BGranite 4.1 30B: 3030?Granite 4.1 30BQwen3.6 27B: 2828QQwen3.6 27BGemma 3 27B: 2727?Gemma 3 27BMistral Small 3.2: 2424MiMistral Small 3.2passive Paramsactive Params

Output Tokens per Intelligence Index Task

Weighted average number of output tokens used to run one task in the Artificial Analysis Intelligence Index · Evaluation results measured independently by Artificial Analysis

Retrieved 2026-07-08

Chart source and provenance are listed in Methodology & sources below.

Retrieval date:
2026-07-08
Methodology:
Independent test run by Artificial Analysis on dedicated hardware.

05000100001500020000Gemma 3 12B: 1601916019?Gemma 3 12BMinistral 3 8B: 1568615686?Ministral 3 8BMinistral 3 14B: 1174611746?Ministral 3 14BMiniMax-M3: 1162311623?MiniMax-M3Qwen3.6 27B: 1139011390QQwen3.6 27BGemini 3.5 Flash: 98199819GGemini 3.5 FlashMistral Small 3.2: 80688068MiMistral Small 3.2Nemotron 3 Ultra: 77977797NNemotron 3 UltraClaude Fable 5 (with fallback): 76967696AClaude Fable 5 (with fal…gpt-oss-120b (high): 75717571AIgpt-oss-120b (high)

Methodology

Methodology & Provenance

This page is rendered from the normalized profile and page JSON for Mistral Small 3.2.

Benchmark values are preserved as normalized; only layout, disclosure ordering, and typography are adjusted for readability.

Frequently Asked Questions

Model FAQs & Technical Disclosures

Mistral Small 3.2 was released on June 20, 2025.

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